Uranium Resources, a Texas-based in-situ uranium miner, says that cost increased in 3Q due to challenging drilling conditions and higher equipment costs.
"This resulted in fewer than desired drilled holes and about two additional months of exploration time,” said Don Ewigleben, President and CEO of Uranium Resources in a statement.
Operating expenses were $133,753 for 3Q compared with $67,260 in 2010.
The overall loss from operations was $2,827,097, down from $3,730,998 a year ago when the company had a $1.37 million provision for a legal settlement.

LEWISVILLE, Texas--(BUSINESS WIRE)--Uranium Resources, Inc. (NASDAQ: URRE) (URI), today provided an update on the Company’s activities and its liquidity position for the third quarter of 2011 as well as its strategy and outlook. Texas Exploration and...

DENVER & SIERRA BLANCA, Texas--(BUSINESS WIRE)--Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths exploration and development company, today announced that its supplementary operating plan to expand exploration activities at the Round Top project has been approved by the Texas General Land Office (GLO). Independently published data indicates the property may contain approximately 1.6 billion metric tons of rhyolite host rock, containing rare earth minerals with potentially a 70% ratio of heavy to total rare earth minerals.

Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth—beryllium-uranium project which also includes niobium, tantalum and gallium. Round Top is located in Hudspeth County, Texas, 85 miles east of El Paso. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing rare earths with a 67% ratio of heavy to light rare earths.

After an initial 5% jump, shares in Arabian American Development Co was flat at midday on Wednesday on four times usual volumes following news of a $37m injection into the Texas-based company's Saudi mine by a fund controlled by the League of Arab States.
Shareholders in the 44-year old Nasdaq-listed company saw the value of their investment rise a cool $107m as a result of the transaction. The gold, silver and copper mine in a Yemen border province is the only non-government mine in the Saudi kingdom and is scheduled to begin production early next year.

Uranium Energy Corp (NYSE AMEX:UEC, the "Company") is pleased to report its financial and production results for the nine months ended April 30, 2011. Major highlights during the third quarter include the following:
Results continue to indicate low-cost production profile: During the third quarter, which incorporates our first full quarter of Palangana Mine production, we produced 49,000 pounds of U3O8 in inventory, including work-in-progress, versus 21,000 pounds in the previous quarter.

Uranium Resources does not expect to return to production in Texas in 2011 given current uranium pricing, unfavourable sales contracts and less than lucrative resources that are available.
Uranium Resources made the statement in its 2011 first quarter update on Thursday.
Instead the company is focused on reclamation activities in Texas since its two remaining operating wellfields were fully depleted in June 2009.